Tagged: banks

October 12, 2021 @ 12:47 pm By Tony Zerucha  |  

Loan approval rates at many banks inched upward in September, data from Biz2Credit’s monthly Small Business Lending Index shows. Biz2Credit analyzed loan requests from companies that have been in business for more than two years and who have credit scores greater than 680. The results… Read More

August 12, 2021 @ 11:33 pm By Priyanka Pani  |  

Fast-growing financial app Curve has appointed Renata Sumskaite as CEO and Head of Curve Lithuania to spearhead innovation and product development at the organization. Prior to Curve, Renata was the Head of Fintech hub’ Rise Vilnius’ by Barclays and was also Head of the Barclaycard… Read More

April 12, 2021 @ 11:38 am By Samantha Hurst  |  

Mastercard announced on Monday it has joined forces with Swedish fintech Doconomy to develop the Mastercard Carbon Calculator, a feature specifically for banks to adapt and customize for eco-conscious consumers to monitor their spending habits. “The Carbon Calculator enables consumers to receive a snapshot of… Read More

January 4, 2021 @ 9:00 am By JD Alois  |  

Oxygen, an early-stage digital bank, has closed on a $17 million Series A round led by Runa Capital. The funding round included participation from S7V, 1984.vc, EFG Hermes, Rucker Park, and Inventures. Several high profile individual investors participated in the offering including Frank Strauss, Global… Read More

November 10, 2020 @ 1:22 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday its latest lending index revealed that small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.5% in September to 13.3% in October. Biz2Credit reported that during the month of October small… Read More

October 6, 2020 @ 10:23 am By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday its latest Small Business Lending Index has been released and revealed small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.6% in August to 13.5% in September, indicative of the struggles… Read More

September 8, 2020 @ 1:31 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday its latest Small Business Lending Index has been released and revealed small business loan approval percentages at big banks ($10 billion+ in assets) and small banks dropped slightly in August 2020, an indication that the upward trend… Read More

August 11, 2020 @ 10:44 am By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday its latest Small Business Lending Index has been released and revealed that the approval percentage for small business loan applications at big banks, which are more than $10 billion in assets increased three-tenths of a percent from… Read More

March 30, 2020 @ 4:53 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Monday the launch of Biz2X Accelerate SBA, a platform that enables banks and other financial institutions to efficiently respond to the influx of loan requests from small businesses seeking to take advantage of the Paycheck Protection Program (PPP)… Read More

October 7, 2019 @ 6:46 am By Omar Faridi  |  

South Korea’s regulators have consistently preferred supporting blockchain-related initiatives over decentralized crypto tokens. Recent events confirm that the nation’s authorities are more inclined to support blockchain technology itself rather than investments in speculative cryptocurrencies.  According to local reports, approximately 97% of local crypto-asset exchanges might… Read More

April 29, 2019 @ 9:39 am By Samantha Hurst  |  

Online lending platform Funding Circle announced on Monday it partnered with Oxford Economics to launch a new report, called “Big Business of Small Business,” which revealed banks have been giving small businesses the “cold shoulder” one decade after the financial crisis, causing the businesses to fail… Read More

May 24, 2018 @ 9:59 am By Samantha Hurst  |  

On Thursday, banking software Temenos announced the launch of Temenos Origination, which is described as a component-based platform that enables banks to onboard customers and originates products across all segments, channels and devices, offering bank customers a frictionless and contextualized digital experience.  According to Temenos,… Read More

November 6, 2017 @ 2:05 pm By Samantha Hurst  |  

LendKey, a lending-as-a-service solution for banks and credit unions, announced on Monday it has formed a partnership with Allied Solutions to offer its digital lending solutions, including unique and innovative loan participation programs, to Allied’s more than 4,000 clients.   According to LendKey, Allied is… Read More

October 11, 2017 @ 8:36 am By Samantha Hurst  |  

On Tuesday, Biz2Credit announced the release of its latest monthly analysis, which revealed that Business loan approval rates at big banks ($10 billion-plus in assets) hit another post-recession high in September 2017. According to the report, Small business loan approval rates at big banks improved two-tenths of… Read More

May 3, 2017 @ 2:54 am By Jonathan Nieh  |  

Last week, Accenture Consulting published a presentation on how banks can utilize machine learning to draw quicker insights from their data. Machine learning is the specific application of artificial intelligence (AI)  in which computers can learn without being explicitly programmed to do so. How Does it… Read More

April 11, 2017 @ 11:04 am By Samantha Hurst  |  

Biz2Credit announced on Tuesday that its latest small business lending index revealed that loan approval rates at institutional investors and small banks improved in March 2017. Big banks’ ($10 billion-plus in assets) loan approval was stagnant during the month but remained at an all-time Index… Read More

February 7, 2017 @ 10:45 am By Samantha Hurst  |  

Loan approval rates at big banks ($10 billion+ in assets) picked up where they left off in 2016, improving to post-recession highs in January 2017, according to the most recent Biz2Credit Small Business Lending Index. This monthly report analyzed over 1,000 small business loan applications on… Read More

January 19, 2017 @ 1:13 am By Jessica Pham  |  

Reports came out during the holiday season last year of banks quietly stocking up on blockchain patents.  Banks will compete with startups making the same moves.  They will also compete for patents with trolls who suppress innovation. The future of blockchain innovation depends on who… Read More

December 6, 2016 @ 3:04 pm By Jessica Pham  |  

Senior Fellow at Harvard Business School Karen Gordon Mills along with VP of Strategy at Fundera, Brayden McCarthy, have recently posted a working paper on SME lending. Mills is also the former Administrator of the Small Business Administration – a post she held during the Obama administration just… Read More

November 10, 2016 @ 2:07 pm By Samantha Hurst  |  

On Thursday, Biz2Credit announced its recent Small Business Lending Index report revealed that loan approval rates at big banks and institutional lenders improved to all-time highs in October 2016. The report stated that small business loan approval rates at big banks improved to 23.5% during… Read More